CCR2023.065-LOC-Jilly's LLC4*001111111
APPROVAL OF LETTER OF CREDIT REDUCTION FOR
Jilly's LLC
WHEREAS, Dilly's LLC entered into a Developer's Agreement with the City to construct
Dilly's development on Commerce Road next to the Jiffy Lube; and
WHEREAS, The project has been completed per the Development Agreement and to
the satisfaction of the Director of Public Works and Development; and
WHEREAS, As a result thereof, Dilly's LLC has submitted a request for a reduction to its
Letter of Credit; and
WHEREAS, The Public Works and Development Director has recommended that the
Letter of Credit be reduced by $38,702.00, leaving a remaining balance of $0.00.
NOW, THEREFORE, BE IT RESOLVED That the Common Council of the City of
Muskego, upon the recommendation of the Finance Committee, does hereby approve
that the current amount remaining on the Letter of Credit for Jilly's LLC be reduced from
$38,702.00 to $0.
This is to certify that this is a true and accurate copy of Resolution #065-2023, which
was adopted by the Common Council of the City of Muskego.
Cityt- lerk
10/23cmc